Grand Prize Winner

Congratulations to Fosmo Med, developers of the Maji IV saline bag, as the grand prize winner. This new technology has the potential to save millions of lives. Learn more at www.fosmomed.com

 


Finalists

Congratulations to the top five finalists of the Philips Innovation Fellows Competition! One of these ideas will be selected as the grand prize winner by Philips employees.

 


BreathAcoustics


 


Filterwatch


 


Game Face Gear


 


Maji


 


ZG-1 LED


 

 

Bring your ideas to life, win up to $60,000 and help change the world

Person by person, home by home, Philips is a part of people's lives around the world to help them live all their days in healthy and fulfilling ways. Philips surrounds us every day. Whether it's a toothbrush, an MRI machine or a skyline of dancing lights, Philips is an increasingly integral part of so many lives, delivering innovation that matters.

 

Philips also sees and celebrates innovation potential in unlikely places. With the Philips Next Big Thing Innovation Fellows Competition, Philips invites you to help our search for the "next big thing" that will revolutionize the way we live well, stay healthy and enjoy life. The grand prize winner will receive $60,000 plus a mentoring session with Philips executives to help bring the winning idea to life.

How It Works

Register, create and fundraise




Learn more

Official Rules

Success factors

It takes more than just having a great idea to become an Innovation Fellow.

 

Learn more

More crowdfunding tips

What are we looking for?

Apply now

The Innovation Fellows program is accepting applications from June 18, 2013 - August 15, 2013.

 

To apply, click on the Register Now link in the top right corner of this page and fill out the form.

How It Works

Philips is partnering with Indiegogo to host this competition and help bring your ideas to life through crowdfunding, including $100,000 from Philips. The Innovation Fellows competition will recognize the best products, services and tangible ideas that address the key innovation opportunities of Living Well, Being Healthy, and Enjoying Life. Starting June 18, interested participants can register here. Upon registration confirmation by Philips, you can begin building your pitch on Indiegogo, which will go live on August 15.

 

Once the Innovation Fellows projects go live on Indiegogo, we invite you to promote and support the projects that have the greatest potential. By the middle of October, Philips will announce five finalists of the Innovation Fellows competition as determined by the Philips Steering Committee. Philips employees will vote among the finalists to select the ultimate grand-prize winner, which will be announced by October 30.

 

One grand-prize winner will receive a $60,000 cash prize, plus an all-expenses-paid trip to Philips' US headquarters to meet with executives and relevant business line leaders. In addition, the other four finalists will receive a $10,000 cash prize.

 

 

Success factors

The Philips Innovation Competition focuses on the key innovation opportunities to help people live well, be healthy and enjoy life.

 

Success in this competition requires:

  • Innovativeness and Creativity - we're looking to reward new ways of tackling the innovation gap
  • Vision and feasibility - entrants will need to clearly explain both the project, plans to bring it to life, and how it can scale to help more people
  • Transparency - be specific about how the funds raised will be used to progress the project
  • Impact - successful projects will solve an unmet need and have a meaningful impact on peoples' lives
  • Support - show support for the ideas by having a minimum of 100 contributors and meeting at least 50% of the fundraising goal

 

 

What are we looking for?

According to the Philips Meaningful Innovation Index, there is an appetite for future innovations to go beyond creating technology for technology’s sake, instead aiming to make a difference in people's everyday lives. The study weighed satisfaction with current innovations by what is important in people's lives, and only 54% of people surveyed were satisfied with existing innovations in the areas they considered to be the most important to them.

 

The Philips Innovation Fellows Competition focuses on the key innovation opportunities, specifically:

  • Living Well: There is high demand to see innovations across all living well attributes; restful sleep and sense of security at home lead as important factors to "Live Well."
  • Being Healthy: People surveyed place high importance on being able to look after/monitor their family’s health, seek medical treatment, prevent illness and live a healthy lifestyle. Alongside living a healthy lifestyle, Americans also place high importance on preventative health.
  • Enjoying Life: Most people surveyed (94 percent) would like to see innovations that would help provide greater happiness in their lives, including being comfortable at home, living independently as one ages, and being an active part of one’s local community.

Meet the Steering Committee

Greg Sebasky, Chairman, Philips North America

Roy Bahat, Bloomberg Beta

Dr. Eric Silfen, Chief Medical Officer, Philips Healthcare

Dale Wiggins, Philips Research North America

Arif Quraishi, Vice President, Philips Lighting Americas

Gretchen Zucker, Executive Director, Ashoka’s Youth Venture

 

Partners

The Innovation Fellows Competition brings together experts from Bloomberg's Next Big Thing and the crowdfunding platform, Indiegogo, for a rich, rewarding experience for all participants.

 

 

 

About Indiegogo

Indiegogo empowers people around the world to fund what matters to them. As the largest global crowdfunding platform, campaigns have launchedfrom every country around the world with millions of dollars being distributed every week due to contributions made by the Indiegogo community.

 

At its core, Indiegogo is the equal opportunity platform dedicated to democratizing the way people raise funds for any project – creative, entrepreneurial or cause-related. The company was launched in 2008 and is headquartered in San Francisco, with offices in Los Angeles and New York.

 

For more information, visit www.indiegogo.com/partners/philips and follow us at www.twitter.com/indiegogo and www.facebook.com/indiegogo.

 

Contact Us

Interested in learning more about the Philips Innovation Fellows Competition? Contact us at InnovationFellows@Philips.com for more information.